Megger | Compensation Analyst | dallas, tx
7 days ago
Role Scope and Purpose:
The Compensation Analyst will be responsible for administering the compensation programs and processes across the organization. The incumbent will plan, design, evaluate and administer employee compensation programs and provide support to HR Directors, and business leaders to identify and address compensation issues and support the organization’s compensation strategy. The incumbent also represents the client's point-of view in key corporate compensation initiatives and the corporate point of view with client groups. The Analyst will possess an in-depth knowledge of market trends, internal equity practices and will be responsible for supporting broader strategic projects.
Role Responsibilities And Accountabilities:
- Develops, implements and monitors employee compensation, to include pay for performance, salary structure design and modelling, complex costing scenarios, incentive plans, etc.
- Reviews compensation policies and practices to ensure compliance with government wage and hour regulations. Analyses organizational pay practices and makes recommendations to ensure internal and external equity.
- Creates compelling competitive benchmarking analyses and evaluate jobs independently based on market data.
- Identifies problems in current compensations policies, practices, and procedures through research and develops recommendations for solutions.
- Serves as subject matter expert and coordinates efforts with HR Operations, Payroll and other relevant departments to implement system upgrades and enhancements, as well as salary and other compensation structures.
- Provides technical input to compensation communications and assist in communicating new and/or revised programs and initiatives.
- Provides guidance to the business and develops creative solutions on a variety of compensation issues including the setting of appropriate pay levels, base pay, premium pay and internal compression issues.
- Performs deep analysis on effectiveness and competitiveness of existing compensation programs and models potential impact of alternatives.
Knowledge, skills, and Experience:
- Demonstrated business acumen required with keen interpersonal and communication skills, including the ability to build consensus across stakeholder groups
- Analytical skills with advanced working knowledge of Microsoft Office with emphasis on MS Excel and PowerPoint
- In-depth knowledge of compensation programs and principles
- Comprehensive knowledge of the laws governing compensation
- Thorough understanding of job analysis and job descriptions
- Competent in project management
- Critical and strategic thinking skills
- Ability to communicate, persuade and make effective formal presentations
- Results oriented, being able to anticipate key issues and problems and come to resolution quickly
- Ability to deal with ambiguity
- Certified Compensation Professional (CCP) Preferred
- 7 years of progressive compensation experience preferred; with 4 years of compensation consulting experience.
- 5 years global compensation experience preferred
- Experience in job analysis and organizational design preferred
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